CapitaLand has saved S$35 million in utilities costs since 2009, according to the company's 2012 Global Sustainability Report. CapitaLand was one of the first companies in Singapore to voluntarily publish its sustainability reports. The 2012 report covers its group-wide property portfolio in more than 110 cities in over 20 countries. CapitaLand received a Level B+ rating from the independent Global...
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CapitaLand has acquired a 70-per cent stake in a mixed-use development in Shanghai for S$397.5 million. In a statement, the property firm said its wholly-owned business unit CapitaLand China bought a 70-per cent stake in Shanghai Guang Chuan Property Co Ltd, a unit of Shanghai Shentong Metro Assets Management (Shentong Assets). Shentong Assets is responsible for the development and asset management...
CapitaLand Group's chief executive, Lim Ming Yan, expects further moderation in the Singapore's real estate market this year, and is targeting China as a key profit centre. Some analysts, however, warn that economic and political uncertainty in China may limit CapitaLand's pricing capability. CapitaLand will be scouring for new projects in China and its home base in Singapore, where a government-driven...
Southeast Asia's largest property developer CapitaLand is reassessing its investments in India, Middle East and London. The company may divest some of its investments in office, commercial and residential properties in these three locations. CapitaLand says it now plans to focus on Singapore and China markets. Making his first major move since taking over the helm at CapitaLand, new President and Group...
Singapore real estate company CapitaLand has said its growth in China remains on track amid slowing economy and leadership transition in the country. It still expects China to account for 45 per cent of the company's assets in the next three to five years. CapitaLand's outgoing CEO Liew Mun Leong said the company is also in a good position to compete with state-owned enterprises in China. Lim Ming Yan...
Singapore developer Capitaland plans to launch its first value housing project in China in the next few weeks. This will be the company's maiden foray into the middle-income mass housing market and it is expected to be the next driver of growth for the property firm in China. When CapitaLand China released its first high-end homes in Hangzhou for sale last month, some 100 units were snapped up in two...
CapitaLand said yesterday its third-quarter net profit rose 85 per cent due to higher operating income and one-time gains from asset sales, mainly in its key Singapore and China markets. South-east Asia's largest property developer by market value also reiterated its confidence in those two countries, pledging new investments there while playing down the impact from slowing economic growth and recent...
Property group CapitaLand has set up a housing private equity fund that will invest in value housing developments in China. The company said in a statement that the CapitaLand China Value Housing Fund (CCVHF) was successfully closed at US$215 million (S$264 million). CapitaLand's wholly-owned unit, CapitaValue Homes, has a 58.6 per cent stake in the fund, totalling up to S$155 million. Meanwhile, other...
CapitaLand, through its subsidiary CapitaValue Homes Limited, has acquired its second residential site in Pudong, Shanghai for RMB166.29 million (approximately S$33.26 million). The 36,920 sq m land parcel will be developed into some 700 value homes and offer 15,000 sq m of commercial space. Located in the town of Wanxiang in Lingang New City, the site was purchased through a government tender by...
Singapore's property giant CapitaLand Group has appointed a new president and chief executive officer (CEO). Mr Lim Ming Yan will take over from Mr Liew Mun Leong on 1 January 2013 and will also be appointed as director of CapitaLand. Mr Lim, 49, is currently CapitaLand's chief operating officer (COO), a position he has held since 6 May 2011. He is also the deputy chairman of CapitaLand China executive...